Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Securities Class Action

Securities fraud litigation history and active cases

In Litigation

0

Settlement

0

Closed

1

Total Settlement

$47M

NOVAVAX INC (NVAX) Class Action Lawsuit (November 2021)

Closed

8:21cv2910 • November 12, 2021

Class Period Start

May 11, 2021

Class Period End

January 14, 2022

PSLRA Deadline

January 11, 2022

Case Allegations

10b5

Statutes of Repose

May 11, 2024

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

May 18, 2024

Settlement Fund

$47,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased or otherwise acquired the publicly traded common stock of Novavax, Inc. (“Novavax” or the “Company”) during the period from May 11, 2021 through October 19, 2021, inclusive

Claim Administrator

Strategic Claims Services
Novavax, Inc. Securities Settlement c/o Strategic Claims Services, Inc. 600 N. Jackson Street, Suite 205 P.O. Box 230 Media, PA 19063
+1 400-4__-____
[email protected]

Hearing Date

May 23, 2024

Opt-out Deadline

May 2, 2024

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jun 3, 2025

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

May 24, 2024

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Feb 6, 2024

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Jan 23, 2024

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Jan 17, 2024

Class Certification Denied

The court has denied the request to proceed as a class action. This means the case cannot move forward on behalf of the proposed group of investors unless that decision changes or the court later approves a revised request.

View all Updates

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